The House of Representatives, in a rare display of bi-partisan unity, today passed a bill requiring an audit of the Federal Reserve. The bill was passed amid concerns that the Federal Reserve knew of shady dealings on the part of Barclays regarding LIBOR, the agency which sets interest rates world-wide. All this according to Huffington Post today.
The bill put forward by Ron Paul had 270 co-sponsors. The final vote was 327 to 98. I applaud the House for passing this bill. This is the first real praise I have had for this House.
May this be the beginning of a new openness and transparency in our nation's financial matters. The people are supposed to be in charge of the money in this country. This is hardly the case. Today's vote shows there can yet be a turn toward sanity regarding the nation's economy.
Read more here:
House Votes to Audit Federal Reserve
The bill put forward by Ron Paul had 270 co-sponsors. The final vote was 327 to 98. I applaud the House for passing this bill. This is the first real praise I have had for this House.
May this be the beginning of a new openness and transparency in our nation's financial matters. The people are supposed to be in charge of the money in this country. This is hardly the case. Today's vote shows there can yet be a turn toward sanity regarding the nation's economy.
Read more here:
House Votes to Audit Federal Reserve
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